Start this year off right. Raise the value of your property and attract potential tenants with these simple property upgrading solutions. Our list of property upgrades will help enhance your rental’s visual appeal without costing you a significant amount of money. Do you have a low-cost property upgrade solution? Comment below!
- Refresh the paint. A new coat of paint can liven up any room, renewing the look and visual appeal of your rental. Re-painting your property will improve its appearance at a low-cost to you. Try to stick to neutral colors. Alternate between a lighter neutral and a darker neutral if you want to create a discernible contrast between different rooms. If you have tenants currently living there, consult them about the change.
- Boost curb appeal. Come springtime, upgrade your curb appeal by improving your landscape: plant an assortment of flowers or shrubbery, fill-in the patchy spots on your lawn with grass seed. There’s a number of small improvements you can make without breaking the bank.
- Remodel kitchen or bathroom. While updating bathrooms or kitchens in your building or home can be more costly, this simple upgrade will significantly raise the value of your property without you having to invest in a full-scale remodel. Perspective renters like to see recently renovated or remodeled properties.
- Update windows. Updating your windows can be a simple change your residents with appreciate. Not only will it improve the aesthetics of your property, but newer windows with help you or your residents save on their heating bill.
- Replace carpet. A significant amount of damage can happen to your carpets over the course of a few years, from large stains to daily wear and tear. Carpets also retain unwanted smells and sometimes mold. Replace the carpet in your property with something simple and new. While this improvement may be more expensive than a fresh paint job, your residents will really appreciate their new flooring.
- Change fixtures. From doorknobs to sink faucets, changing your fixtures on your rental property can be an inexpensive and easy remodel, especially if you don’t have the capital to renovate your building or home.
